Horizon Technology Finance Provides Q4 2023 Portfolio Update; Originates $63.4M Of New Loans In Q4; Ends 2023 With Committed Backlog Of $218M
Portfolio Pulse from Benzinga Newsdesk
Horizon Technology Finance Corporation (HRZN) reported a strong Q4 2023 with $63.4 million in new loans originated and a committed backlog of $218 million. HRZN completed its first co-investment with Monroe Capital and received $48 million in loan payoffs and partial paydowns. The company closed new loan commitments totaling $89.4 million and holds a warrant and equity portfolio in 103 companies, indicating potential for future returns.
January 10, 2024 | 9:20 pm
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POSITIVE IMPACT
HRZN's Q4 2023 performance shows strong loan origination and a significant committed backlog, indicating a positive outlook for the company's future earnings and growth potential.
The positive Q4 update from HRZN, including the origination of new loans and a large committed backlog, suggests a strong financial position and potential for future earnings growth. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100